Factsheet for measure
IT-2022-21/2326
–
Updated
– measures in Italy
Grants for small and medium-sized agricultural enterprises affected by the war in Ukraine
Fondo sostegno imprese agricole
Background information
The Council of Ministers approved Decree Law No. 50 of 17 May 2022 called 'Urgent measures on national energy policies, business productivity and investment attraction, as well as on social policies and the Ukrainian crisis.' The decree law provides economic aid to companies and families to mitigate the consequences of the war in Ukraine on the Italian economy. Among the measures to promote economic recovery and business productivity is the establishment of a support fund for agricultural enterprises.
Content of measure
€20 million has been provided to fund this measure. The money will be allocated in the form of non-repayable grants. This money will compensate for the negative economic repercussions that have resulted from the war in Ukraine. Some of these consequences include losses of turnover due to the contraction of demand, the interruption of existing contracts and projects, and the crisis in supply chains.
Beneficiaries of the fund are small and medium-sized agricultural enterprises that meet the following requirements:
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In the last two years they have conducted transactions of goods or services, including procurement of raw materials and semi-finished products, with Ukraine, the Russian Federation and Belarus, amounting to at least 20% of the total business turnover
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The average cost of raw materials and semi-finished products increased by at least 30% during the last quarter the decree. This increase should be compared to the average purchase cost during the corresponding period of the year 2019 or, for enterprises established as of 1 January 2020, compared to the average purchase cost of the corresponding period of the year 2021;
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They suffered a decrease in turnover of at least 30% during the quarter prior to the decree compared to the same period in 2019.
Updates
The following updates to this measure have been made after it came into effect.
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20 September 2022
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Through the 'Aiuti-ter' decree (No. 95 of 16 September 2022), the maximum amount of financing guaranteed by the Ismea public fund, with 100% coverage, was raised from €35,000 to 62,000.
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Use of measure
No data available.
Target groups
Actors and funding
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Actors
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Funding
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National government
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National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement
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No involvement
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
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No involvement
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Main level of involvement: N/A
Involvement
No involvement of social partners.
Views and reactions
No data available.
Sectors and occupations
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This case is sector-specific
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Economic area
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Sector (NACE level 2)
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A - Agriculture, Forestry And Fishing
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A1 Crop and animal production, hunting and related service activities
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A2 Forestry and logging
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A3 Fishing and aquaculture
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This case is not occupation-specific.
Sources
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17 May 2022: Aid Decree May 2022: here is the text published in the Official Gazette
(www.fiscoetasse.com)
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20 September 2022: The maximum amount of Ismea guaranteed loans goes from 35 thousand to 62 thousand euros
(www.mysolution.it)
